Signal of the Day – 7.27.17

Another wild day for this earnings season is in the books, with AMZN being the headlining event. It’s results were anything but high flying as they reported a whopping 77% reduction in their quarterly profit. Ouch. But, Jeff Bezos did become the world’s richest man… for a hot minute before earnings, and then lost the title minutes later. But don’t worry too much about him, he’s still the second wealthiest person on Earth. As far as the indexes are concerned, they closed mixed, with the S&P and the Nasdaq losing ground while the Dow advanced.

As for tonight’s signal, yes that’s right, signal, as in singular, is on Lennar. So why just one? Sometime’s one is all you get. We pride ourselves on only posting the best signal, and during earnings season, some signals can lead you into treacherous trading terrain, so we are playing it on the safe side of life. So let’s get to stepping shall we?

We are looking for a bullish pivot on LEN according to MS-16.

MS-16

LEN gained a little over half of a percent during today’s session after testing the 50 SMA, which was also serving as a support level. With this move to the upside, it is producing a classic higher low setup, which we want to see in trends. And while this looks a bit choppy, it is still in an uptrend and is in fact coming off of a higher low it made good on earlier this month. If we see this push continue, we could be looking at LEN in the $54-$55 zone before long.

This signal is brought to you by the MS-16 Advanced Strategy. MS-16 uses two momentum based systems and filters them based on trend direction. It also uses an indicator called Days to Earnings, which prevents trades from taking place close to a stock’s earnings date. Thus, providing a bit of safety. It also uses a scan that pinpoints the stocks that are outperforming the entire market but that are undergoing pullbacks, providing ripe RTM opportunities. It’s the real deal. To read more about MS-16, you can check out its PDF here.

So, how is the first revision of SignalWatch 2.0 going you may be wondering? While the updates have been slow, they are also fantastic. You’re going to get a whole new look and feel, a whole new updated commentary section and a few other freebies thrown in their just for kicks.  Just to give you guys and gals an idea of where things are heading, I thought I might give you a little taste.

And maybe a little more…

Bear in mind, these are just snippets, and not even the good stuff. We’ll save the best for last. As for a launch date, we are looking at about two weeks from today. So stay tuned, things are about to get interesting!

But before things heat up, things are going to hit the brakes for another week. SW will be on vacation for the next week (okay I’ll be on vacation), but there will still be some content posted to our social feeds. So if you don’t follow us on Facebook or Twitter, go do it now! But we’ll be back in action once the week of August 6th rolls around. So until then, keep the shiny side up and happy trading!

The products and demonstrations listed on this website are not recommendations to buy or sell, but rather guidelines to interpreting their respective analysis methods. This information should only be used by investors who are aware of the risks inherent in trading. Nirvana Systems shall have no liability for any investment decisions based on the use of their software, any trading strategies or any information provided through other services such as seminars, webinars, or content included in the SignalWatch website.